209 Griffingate DrMidland CityAL36350
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Midland City at 209 Griffingate Dr, Midland City, AL, 36350 uses $210,396 cash to close to unlock $2,392/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $3,809/mo, and a $3,130/mo payment keeps the spread at $199/mo. Purchase price stands at $639,500, and rental yield measures 7.15% with $3,809/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $176,682 over five years. Five-year ROI reaches 109% and total cumulative return in cash records $229,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,809/mo property income covering a $3,130/mo payment rather than investor’s personal income.
Single Family
Built in 2020
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Darrell Reid • Lan Darty Real Estate & Development
Mls Name: SAMLS
Mls ID: #201617
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.